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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 39B ASIC to notify foreign regulator's access to information or books

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 39B

ASIC to notify foreign regulator's access to information or books

  (1)   This section applies if:

  (a)   an Australian auditor gives information or produces books because of a requirement made under subsection   30A(1) for purposes referred to in subparagraph   30A(2)(a)(ii) or 30A(2)(b)(ii); or

  (b)   books specified in such a requirement are obtained from an Australian auditor under a warrant issued under Division   2 of Part   IAA of the Crimes Act 1914 , as applied under section   39D of this Act; or

  (c)   a person gives information or produces books that relate to the question whether an auditor has complied with overseas audit requirements within the meaning of subsection   30A(2) because of a requirement made under subsection   33(2); or

  (d)   such books are obtained from a person under a warrant issued under Division   2 of Part   IAA of the Crimes Act 1914 , as applied under section   39D of this Act.

  (2)   If ASIC gives the information or books, or copies of the books, to a regulatory body with which it has entered into an agreement or arrangement under subsection   11(10), ASIC must, within 14   days of doing so, notify the Australian auditor or person in writing of the details of the information or books, or copies, given.